TrakInvest launches its own cryptocurrency- the TRAK token

TrakInvest, the world’s first virtual social trading platform has moved to blockchain and launched its own cryptocurrency- TRAK token. The TRAK token has been available to the public since 16 December 2017.

The new cryptocurrency will be based on Ethereum and will introduce a reward economy where the producers of trading data, insights and sentiments will be globally rewarded in a transparent and frictionless manner. The rising demand from the TrakInvest community has prompted the firm to make the move to blockchain ecosystem and launch its own cryptocurrency.

Bobby Bhatia, Founder, and CEO, TrakInvest said, “The platform which currently provides virtual equity trading will also be introducing a virtual trading platform for cryptocurrencies and the next generation of “crowdsourced” sentiment tools for equities and cryptocurrencies. These proprietary tools will be developed using the social trading data and behavior collected for the last three years. TrakInvest aims to empower the retail investor with all these tools to create a level playing field removing the information asymmetry that has plagued them for so many years.”

Additionally, the company plans to raise $30 million capital through the company’s Initial Coin Offering (ICO) to fuel its product and geographical extension.

TrakInvest, headquartered in Singapore, operates in India, Singapore, and Thailand. It has a community of 1,00,000+ users and will also be launching its physical academies to not only promote investing as a life skill but also to expose, train, and re-skill investment and technical talent on blockchain and cryptocurrencies. TrakInvest is backed by a highly experienced management team and an advisory board. The senior management of the team has held leadership positions in leading firms including J. P. Morgan Partners, AIG, State Bank of India and ICICI Securities.